Arctic Fish Holding

Capital/Financing Update • Jul 10, 2023

Arctic Fish Holding AS (AFISH): Enters into Term Sheet to refinance existing bank facilities and support planned growth with a new EUR 170 million bank facility.

Arctic Fish Holding AS (AFISH): Enters into Term Sheet to refinance existing bank facilities and support planned growth with a new EUR 170 million bank facility.

Arctic Fish ehf., a 100%-owned subsidiary of Arctic Fish Holding AS, has today entered into a Term Sheet to refinance its existing bank facilities and support planned growth with a EUR 170 million three-year senior secured term loan and revolving credit facility with Danske Bank, DNB, Nordea, and Rabobank.

The committed facility comprises a term loan of EUR 120 million and a revolving credit of EUR 50 million, and two one-year extension options will provide flexibility for the parties to agree to extend the maturity of the facility.

Arctic Fish ehf intends to amend the facility to become sustainability-linked, with interest margin tied to the Arctic Fish group’s performance against predefined targets related to certain sustainability KPIs, and Danske Bank, DNB, Nordea Bank, and Rabobank have been engaged as Joint Sustainability Coordinators to assist in this respect.

The refinancing is subject to final documentation.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.